Latest / The Paul Barron Crypto Show / SEC Gives Up Fight Against $SOL $ADA & $MATIC!🚨Fed Meeting Today

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SEC Gives Up Fight Against $SOL $ADA & $MATIC!🚨Fed Meeting Today · The Paul Barron Crypto Show

0:07
Speaker 1: Big news today, of course affecting the crypto markets, and
0:09
Speaker 1: part of that is going to be diving into XRP,
0:12
Speaker 1: Solana and a handful of other tokens that the SEC
0:16
Speaker 1: may have repositioned themselves all over. So it's going to
0:20
Speaker 1: be a goodoman named is Paul Burner, Welcome back in
0:21
Speaker 1: a tech path. I want to get into it today
0:23
Speaker 1: we're going to be talking about all that from the
0:25
Speaker 1: SEC kind of repositioning their situation around these tokens, as
0:28
Speaker 1: many of you guys know has been the case. I
0:31
Speaker 1: do want to thank our sponsor, and that is Coinbase.
0:34
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0:51
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1:00
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1:02
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1:09
Speaker 1: That's a great starting point for you if you're brand new.
1:12
Speaker 1: So welcome into the show. Let's get into a couple
1:15
Speaker 1: of points today. And one of the things I think
1:17
Speaker 1: that and I don't understand why we haven't seen the
1:21
Speaker 1: move on the market yet today because the mark has
1:24
Speaker 1: been a little bit sluggish today and that is on
1:26
Speaker 1: this right here the SEC this was breaking amn's the
1:30
Speaker 1: lawsuit against Finance. This includes Solona, Cardino, Maddick, foul Coin,
1:36
Speaker 1: Adam sandmana, et cetera, all of which are no longer securities.
1:41
Speaker 1: And this is a huge benefit for the crypto community
1:45
Speaker 1: because it potentially puts this back in the potential of
1:49
Speaker 1: actually going back on to exchanges. Meaning if you guys
1:52
Speaker 1: remember Robinhood along with other exchanges have already had started
1:57
Speaker 1: to remove these off when the SEC started their action.
2:00
Speaker 1: That I think is going to reverse now and we're
2:02
Speaker 1: already seeing a little bit of movement, maybe ahead of
2:05
Speaker 1: what was happening with Solana, but also with XRP. Will
2:09
Speaker 1: so show some of the sharts for you guys today
2:13
Speaker 1: as well. Here as Stuart Alderatti, of course, coming over
2:15
Speaker 1: from Coinbase. One of judge signals bs on the SEC's
2:18
Speaker 1: claim that the ten tokens on finance our securities and
2:21
Speaker 1: the secs nevermind, but these tokens are left out to
2:24
Speaker 1: dry in the Coinbase suit. This isn't how to regulate.
2:28
Speaker 1: This is the whole point, and I agree with Alderati here.
2:31
Speaker 1: I mean, these are the kind of antics that have
2:33
Speaker 1: been going back and forth for quite some time. I
2:37
Speaker 1: think we are about to see maybe a pivot going
2:41
Speaker 1: forward here from the SEC. And there could be strategic
2:44
Speaker 1: reasons for this, especially going into a political drama that
2:47
Speaker 1: I feel like is happening here in the US. One
2:51
Speaker 1: of the things I want to hit on right here
2:53
Speaker 1: is that artists are now suing the SEC to clarify
2:56
Speaker 1: regulatory authority over NFTs. And part of this is two
3:00
Speaker 1: artists they file. Let me zoom in on that for
3:01
Speaker 1: you guys a little bit. Two artists filed lawsuits against
3:05
Speaker 1: the SEC seeking judicial clarificational where the agency has authority
3:09
Speaker 1: over NFTs. And we've talked about this quite a bit,
3:12
Speaker 1: some of which you're going to recognize here central to
3:16
Speaker 1: the lawsuit in their aquiry on whether artists need to
3:18
Speaker 1: register their NFT artworks with the SEC and if they're
3:21
Speaker 1: required to disclose any risks associated with purchasing their digital creations. Remember,
3:25
Speaker 1: you know, when you look at Stonercats and many of
3:27
Speaker 1: the projects that were really called to the MATT, I
3:30
Speaker 1: think this could change things pretty dramatically going forward. The
3:34
Speaker 1: plaintiffs attorneys also have drawn notable comparison to Guess Who
3:37
Speaker 1: Taylor Swift concert tickets to underscore the argument. They also
3:42
Speaker 1: contend that the similar NFT Swift tickets are resold in
3:45
Speaker 1: secondary markets and promoted by the artist herself, so aligning
3:49
Speaker 1: against what's happening out there already in the markets. And
3:52
Speaker 1: I think in the point of what creators are trying
3:55
Speaker 1: to do, this is and could be a good move
3:59
Speaker 1: going around the SEC. Also with this, you have Judge
4:04
Speaker 1: Analisa Torres who is in the middle of deliberations trying
4:07
Speaker 1: to come up with a final judgment for the year
4:10
Speaker 1: long case around SEC and Ripple this week. That's why
4:14
Speaker 1: I think you're starting to see movement on and have
4:16
Speaker 1: seen movement on the XRP token over the last ten days.
4:21
Speaker 1: I think we will continue to see some action there.
4:23
Speaker 1: We'll get into a little bit more about that and
4:25
Speaker 1: into the charts. Make sure and drop some questions in
4:27
Speaker 1: over on the chat. We'll try to get to as
4:29
Speaker 1: many of those as we can. And of course, if
4:32
Speaker 1: you have not liked the video by now and you're
4:35
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4:37
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4:39
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Speaker 1: a great job. And if you're not subscribed to the channel,
4:44
Speaker 1: hit that little bell. It's going to give you a
4:47
Speaker 1: notification when we do go live like this show here today.
4:51
Speaker 1: Other things that are hitting right here, and this is
4:54
Speaker 1: one that I think could backfire. And there's a lot
4:57
Speaker 1: of you know, strategies that are kind of focusing around this.
5:00
Speaker 1: But this, this was an interesting tweet. US government has
5:03
Speaker 1: just transferred twenty nine thousand, almost thirty thousand bitcoin approximately
5:07
Speaker 1: two billion, to a new address. And this is very
5:12
Speaker 1: reminiscent of what Germany was doing. This might be a
5:15
Speaker 1: desperate attempt by the government to frustrate Trump's campaign. This
5:19
Speaker 1: can be happening. No more dumping bitcoins. So a couple
5:23
Speaker 1: of points could play out here. Let's assume that you know,
5:26
Speaker 1: maybe there's clarity on the government saying okay, well, now
5:30
Speaker 1: that there has been a reveal on Trump's actions and
5:34
Speaker 1: even the strategy that even RFK kind of alluded to,
5:40
Speaker 1: Peter Schiff goes in and says, well, maybe this is
5:42
Speaker 1: what's happening. If Trump really intended to use these bitcoin
5:46
Speaker 1: and start the strategic reserve, he'd kept his intention secret
5:49
Speaker 1: until he was ready to go. Now the bid demonstration
5:53
Speaker 1: is wise to the plant. They maybe would go in
5:56
Speaker 1: and dump it all to either spoil the campaign or
6:00
Speaker 1: possibly other means out there. The only problem is when
6:03
Speaker 1: you look at bitcoin, you have to look at national security.
6:07
Speaker 1: It has to be discussed as a national security measure
6:10
Speaker 1: because of the challenge and the pressure that we're already
6:14
Speaker 1: seeing from other countries, the bricks nations, et cetera. If
6:18
Speaker 1: we were to dispose of this into the open market,
6:21
Speaker 1: and if it did dump bitcoin, what would happen. Would
6:24
Speaker 1: we start to see other countries buying back this bitcoin
6:28
Speaker 1: and coming and doing kind of a roundabout on kind
6:31
Speaker 1: of what happened with Germany. So a lot of scenarios
6:34
Speaker 1: playing on this. This right here is kind of interesting.
6:38
Speaker 1: The Hairs campaign now seeking to reset with crypto companies. Listen,
6:45
Speaker 1: I will only believe this. I will only believe this
6:49
Speaker 1: is if I see actual movement. If they're just talking
6:52
Speaker 1: about it, I'm not interested. But if they're actually doing
6:54
Speaker 1: something in the first step would simply be relieve Gensler's
6:58
Speaker 1: duty or assign a new commissioner. Just get in there
7:00
Speaker 1: and do that. I've got a couple of clips for
7:02
Speaker 1: you guys today. One of them is getting into the
7:06
Speaker 1: Black Rocks CIO talking about the eth inflows so far.
7:10
Speaker 2: Listen up, and I want to turn to another sort
7:12
Speaker 2: of risk on asset, which is crypto.
7:15
Speaker 3: I know I could like forty seconds.
7:19
Speaker 4: Listen.
7:19
Speaker 2: I love horse races, and this is another horse race
7:22
Speaker 2: we've got in this case. There is nine. Now, you
7:25
Speaker 2: guys are off to a good start. You've got four
7:27
Speaker 2: hundred and forty two million dollars in flows into ETHA.
7:31
Speaker 2: This is going to be double anybody else looking good
7:33
Speaker 2: that you'll be sort of the gld of ether once again.
7:36
Speaker 2: Just like I bet I have a question for you. You
7:39
Speaker 2: saw the outflows from ETCH. People always ask me, well,
7:42
Speaker 2: aren't these just flows coming out of there into the
7:45
Speaker 2: other ones because net positive, it's it's actually a little
7:47
Speaker 2: less than zero for these or are there new people
7:51
Speaker 2: coming into your fund?
7:52
Speaker 3: Look, we're one week in, Eric, but I think you
7:55
Speaker 3: raise a really important point. This was a strong launch,
7:58
Speaker 3: but this is a story in the early days about
8:00
Speaker 3: access and finding the optimum access points for investors who
8:04
Speaker 3: want ethereum in their portfolios. And so we were actually
8:07
Speaker 3: if you look at trading volumes, because it's important to
8:09
Speaker 3: look at both ETHA was I think forty percent of
8:12
Speaker 3: new assets gathered, but twenty five percent of trading volumes
8:15
Speaker 3: because there has been a lot of outflows not just
8:19
Speaker 3: from the other higher priced ETF product, but probably also
8:25
Speaker 3: from proxy vehicles, because investors really want to get their
8:28
Speaker 3: ETH exposure, especially if they're going to use it in
8:30
Speaker 3: the context of an overall portfolio in an ecosystem they
8:34
Speaker 3: have confidence in, all.
8:36
Speaker 1: Right, So she's kind of on my camp is that
8:38
Speaker 1: the versification is going to be a key part of this.
8:40
Speaker 1: Other things that you have to look at, because there's
8:43
Speaker 1: going to be some other ETFs, whether it's XRP and
8:45
Speaker 1: ripple what we see happening within the Salona camp, we're
8:49
Speaker 1: going to see or we may see, you know, a
8:51
Speaker 1: mixed bag of tokens laid into an ETF, because this
8:55
Speaker 1: is going to open up the opportunity here for a
8:57
Speaker 1: lot of investment managers. Fire houses are also onboarding crypto ETFs,
9:02
Speaker 1: which means there's a demand and an appetite. Take a
9:05
Speaker 1: look this next clip.
9:07
Speaker 3: Yeah, that is exactly what I think will be the
9:09
Speaker 3: story of this year and next year. They are doing
9:12
Speaker 3: their jobs, and their job is risk analytics, due diligence
9:15
Speaker 3: and really looking at and they look at them very
9:18
Speaker 3: differently of course, because you know, as we know, bitcoin
9:21
Speaker 3: and ether are two very different assets, asset classes with
9:24
Speaker 3: different use cases, but looking at their role in the
9:26
Speaker 3: portfolio and particularly their utility as portfolio diversifiers. And I
9:31
Speaker 3: think what will then happen towards the end of this
9:33
Speaker 3: year and into next years, we will see allocations made
9:37
Speaker 3: in model portfolios, which will give us much more of
9:39
Speaker 3: a steer as to how investors are using them. Has
9:42
Speaker 3: black Rock put the crypto ETFs into your own model portfolios?
9:47
Speaker 3: So are not into our model portfolios? And all of
9:51
Speaker 3: our model allocations and also all of our holdings period
9:53
Speaker 3: are generally public, so you can see where we have
9:56
Speaker 3: allocations either you know, very small allocations either to crypto
9:59
Speaker 3: or crypto futures or crypto et apps.
10:03
Speaker 1: All right, So other things that you kind of consider
10:06
Speaker 1: is kind of what actions are they taking these major ETFs.
10:09
Speaker 1: The other capacity into what her statement was there is
10:13
Speaker 1: they're not necessarily loading them into their models. But the
10:16
Speaker 1: other capacity is is how did the asset managers start
10:19
Speaker 1: to move in this place. We're going to actually have
10:20
Speaker 1: an asset manager on later this week. Now. He is
10:24
Speaker 1: not a crypto guy, and he and I we go
10:26
Speaker 1: at it all the time. But I'm kind of curious
10:28
Speaker 1: how this may play in it because now we've got
10:30
Speaker 1: real securities that can be utilized across a variety of portfolios.
10:34
Speaker 1: I think this is opening up an opportunity and I
10:36
Speaker 1: think it's only going to create more demand for this. Now,
10:39
Speaker 1: the real question is will it create enough demand for
10:42
Speaker 1: someone like a black Rock to launch and get into
10:45
Speaker 1: the soul game around an ETF. Listen to what they had.
10:48
Speaker 3: To say, are you don are we going to see
10:51
Speaker 3: a black Rocks Salona ETF for example?
10:53
Speaker 4: What's next?
10:54
Speaker 3: Not in the near term, So we really look at
10:56
Speaker 3: the investability to see what meets the criteria meets the
11:00
Speaker 3: bar to be delivered in an ETF and for us
11:02
Speaker 3: right now, both between and investability considerations and also what
11:05
Speaker 3: we hear from our clients, you know, Bitcoin and eight
11:08
Speaker 3: definitely meet that bar. I think it will be a
11:10
Speaker 3: while before we see anything else, all.
11:14
Speaker 1: Right, so pause on on soalana, But that leaves some
11:17
Speaker 1: other openings. Maybe XRP would be a potential here. If
11:21
Speaker 1: you look at the XRP chart, one of the things
11:23
Speaker 1: is kind of interesting. Now. Granted, guys, come on, this
11:25
Speaker 1: has been a nice move on XRP, coming back in
11:28
Speaker 1: here to July the eighth, up to where it is
11:31
Speaker 1: right now. We'll go ahead and give it the wig
11:33
Speaker 1: right there at fifty three percent, So all you XRP
11:36
Speaker 1: people out there, listen up. Maybe this is the breakout
11:39
Speaker 1: everybody's looking to. It is now at the sixty three more.
11:42
Speaker 1: This is one that we've been tracking. What's interesting about
11:45
Speaker 1: XRP right now? Look at this crazy sentiment right now,
11:48
Speaker 1: I mean this is out of control. We're talking about
11:51
Speaker 1: trade sentiment right around seventy five percent, volume sentiment up,
11:54
Speaker 1: net volume centiment, overall average up and money flow all
11:58
Speaker 1: moving positively, so very good for XRP. Right now. Question
12:02
Speaker 1: mark is is there enough demand here around this to
12:06
Speaker 1: where we start to see some real movement here. Remember
12:10
Speaker 1: Ripple still as a potential IPO that's still on the cards,
12:14
Speaker 1: I think, and that in itself could really push us
12:17
Speaker 1: into a very next generation around where Ripple could be going,
12:22
Speaker 1: not only here in the US, but globally. Speaking of globally,
12:26
Speaker 1: Russia is now moving to regulate crypto as the sanction
12:29
Speaker 1: here in the US, pressures continue to rise a little bit.
12:32
Speaker 1: And one of the things that I continue to hark
12:35
Speaker 1: on about this, guys, is when you give your competitors
12:39
Speaker 1: enough of a room, enough of an opening, and you
12:43
Speaker 1: continue to open these opportunities up, they're eventually going to
12:47
Speaker 1: take the bait, whether it's bait there or it's a
12:49
Speaker 1: strategy that they move on. Russia's moving swiftly now to
12:52
Speaker 1: regulate it. It's companies face growing difficulty with the international payments.
12:56
Speaker 1: This is a problem, which is why I think we're
12:58
Speaker 1: starting to see the heat really to come in on bricks.
13:01
Speaker 1: We've got to be careful. Sometimes you can, you know,
13:03
Speaker 1: back caged animal into a corner and things don't happen.
13:05
Speaker 1: Right state, Duma is set is now considering a crypto
13:09
Speaker 1: bill that would treat digital assets similar to foreign currency.
13:13
Speaker 1: That would be huge for the international markets. And again
13:16
Speaker 1: it's back one to the bricks nations that I think
13:19
Speaker 1: are in very important right now. Crypto is increasingly used
13:23
Speaker 1: in the world as a means of payment international settlement,
13:25
Speaker 1: and this came in from Putin himself in an official statement.
13:29
Speaker 1: So I don't like these kind of things because this
13:32
Speaker 1: means anti US and more importantly, it's really anti fiat
13:38
Speaker 1: United States dollar. And this is the concern I have
13:41
Speaker 1: because if you don't have enough control of the monetary
13:43
Speaker 1: system globally, then these are the kind of things that happen.
13:47
Speaker 1: It's no longer these you know, kind of roughshod factions.
13:50
Speaker 1: These are actual countries that are starting to bring GDP
13:53
Speaker 1: to the table. That is and has to be addressed,
13:57
Speaker 1: and I think the US really needs strong international poler
14:00
Speaker 1: on that. Other things that are playing into this and
14:02
Speaker 1: this will play I think somewhat in line here, and
14:06
Speaker 1: that is stable coins with Circle probably held stock now
14:08
Speaker 1: trading in the secondary market five billion to five and
14:12
Speaker 1: at quarter valuation for the issuer. So this is prior
14:15
Speaker 1: to the IPO to the initial public offering. But the
14:19
Speaker 1: point is is these are the games Wall Street plays.
14:21
Speaker 1: But the point is there's demand. There's demand here for it,
14:24
Speaker 1: and that is a positive thing overall. I know a
14:27
Speaker 1: lot of people will still argue, you know that USDC
14:30
Speaker 1: is you know a CBDC in Sheep's closing. But I
14:34
Speaker 1: think the opportunity for mainstream you have to remember, mainstream
14:38
Speaker 1: adoption only occurs when you can look at this, feel it,
14:43
Speaker 1: and touch it. And I think the US dollar and
14:45
Speaker 1: the security of a stable coin is a critical one
14:48
Speaker 1: for sure. Here's Yah Finance talking about what we might
14:51
Speaker 1: expect from the FOMC meeting this week. We will be
14:55
Speaker 1: airing that tomorrow. I think it's a two thirty or so.
14:58
Speaker 1: We usually go on and we'll live stream it for you,
15:01
Speaker 1: So make sure and hit that notification. That way you
15:03
Speaker 1: get a notification, or the bell you get a notification
15:06
Speaker 1: when we go on the live stream. Let's go to
15:07
Speaker 1: that clip first.
15:08
Speaker 5: I'm looking for changes in language to the policy statement.
15:12
Speaker 4: Are they going to tweak key.
15:14
Speaker 5: Sentences that we've seen in that statement, one towards the
15:18
Speaker 5: top that there's been modest progress on inflation, or that
15:22
Speaker 5: key language that's really been in the statement since January
15:26
Speaker 5: that the officials don't expect to lower rates until they've
15:29
Speaker 5: gained further greater confidence than inflation is falling.
15:32
Speaker 4: Back to their two percent target.
15:34
Speaker 5: Now, I'll also, of course be listening to what chair
15:37
Speaker 5: Pal has to say in his press conference, and I
15:39
Speaker 5: expect him to reiterate what he said in his last
15:42
Speaker 5: public comments before the blackout period, which is that inflation
15:46
Speaker 5: in the second quarter is giving the FED somewhat greater confidence.
15:51
Speaker 5: He's likely to reiterate that they're going to make decisions
15:54
Speaker 5: meaning by meaning, and the reason for that is they
15:55
Speaker 5: don't want to tie their hands if the inflation data
15:58
Speaker 5: does not cooperate.
15:59
Speaker 4: They don't want to commit at this point.
16:01
Speaker 5: Are the FED is now looking at the labor market
16:04
Speaker 5: more closely than the inflation side of.
16:06
Speaker 4: Things, because that has been cooling, right.
16:08
Speaker 5: The unemployment rate tacking up the four point one percent
16:11
Speaker 5: from three point four percent last year, More people trying
16:14
Speaker 5: to join the job market but not able.
16:16
Speaker 4: To find jobs as easily.
16:17
Speaker 5: So this is really a risk management equation for the FED.
16:20
Speaker 5: And so if you've seen great deterioration in the job market,
16:24
Speaker 5: you're too late. The recession is here, and I think
16:27
Speaker 5: that pala is keenly aware of that. He has said
16:30
Speaker 5: that the FED needs to cut well before inflation falls
16:33
Speaker 5: to two percent. So that's why I think the FED
16:36
Speaker 5: is really looking at September to try to ensure this
16:39
Speaker 5: soft landing. That said, it has been historically very difficult
16:43
Speaker 5: to engineer a soft landing, all.
16:46
Speaker 1: Right, So difficult to engineering soft landing, I agree. I
16:49
Speaker 1: don't know if you guys remember that reporter she was
16:51
Speaker 1: so hard on Gary Gessler, completely got him off balance
16:54
Speaker 1: on things. So I like that reporter. But anyway, US
16:58
Speaker 1: inflation index right now on trueflation continuing to decline. This
17:01
Speaker 1: is a sharp decline. Then this typically if you look
17:03
Speaker 1: at analysts out there saying this time this in some
17:07
Speaker 1: cases going to be going so fast because we're starting
17:09
Speaker 1: to see the softening in the job markets, which is
17:12
Speaker 1: the point that she was explaining there, is that the
17:15
Speaker 1: FED is now starting to put their crosshairs over on
17:18
Speaker 1: the job market because that's a signal that could be
17:21
Speaker 1: one that we cannot stop and it's one that could
17:23
Speaker 1: put us into a bad situation. So maybe, just maybe
17:27
Speaker 1: we get in a scenario where we may see a
17:30
Speaker 1: massive maybe fifty basis points cut, could that be it,
17:35
Speaker 1: or do we just get another pause and ratio going
17:39
Speaker 1: into this week. We're going to get in some questions.
17:41
Speaker 1: I know you guys have all that. Let me go
17:42
Speaker 1: over here. Just another point right here is that there
17:45
Speaker 1: has been some postponements. I think this is not necessarily bad,
17:49
Speaker 1: but it's not good for crypto in general. But these
17:52
Speaker 1: are the sub committees on oversight and digital assets, financial technology, etc.
17:58
Speaker 1: But the one right here, this is the one that
18:00
Speaker 1: was actually postponed from today. And I think you know
18:03
Speaker 1: the situation was kind of outlined by Ron Hammond right here.
18:07
Speaker 1: Congress and Crypto now they've kind of kicked this all
18:09
Speaker 1: down to September, so because they're aligning up for the
18:12
Speaker 1: campaigns and really what is now becoming a fight for
18:17
Speaker 1: both Houses and the presidency. So we're seeing a lot
18:19
Speaker 1: of activity in that point. Remember also a little bit
18:24
Speaker 1: of change right here mckenry's office. Remember mckenry, I would
18:27
Speaker 1: see very pro crypto also aligned with twenty one as
18:31
Speaker 1: the bill, which I think will position us as a
18:33
Speaker 1: mainstream asset class. But KEM. Bates, of course is now
18:38
Speaker 1: the new staff director over at the House Financial Services Committee.
18:41
Speaker 1: I think this is good for in general, for that committee,
18:45
Speaker 1: especially as it goes forward pushing more stuff. I want
18:47
Speaker 1: to get into a couple of clips here, and I've
18:50
Speaker 1: got some back to backs here. This is California. This
18:52
Speaker 1: is on Avalanche because I know we haven't talked about
18:54
Speaker 1: Avalanche a lot, and they're making a little bit of
18:57
Speaker 1: a move here. It's not necessarily Avalanche, but in itself making
19:00
Speaker 1: but there's some selections that are happening. This is California
19:04
Speaker 1: putting their DMV on the Avalanche chain. Take a look,
19:09
Speaker 1: do you.
19:09
Speaker 6: See people want to see fast cars, but what they
19:12
Speaker 6: also want to see is fast car transfer. Well, good
19:16
Speaker 6: news today it was announced that the California DMV will
19:20
Speaker 6: be integrating their entire title system onto its own L
19:24
Speaker 6: one blockchain with Avalanche and with over forty million active
19:29
Speaker 6: titles already minted on the blockchain. This isn't just a headline.
19:33
Speaker 6: This is actually going to happen.
19:35
Speaker 1: Okay, all right. Good thing here is if California actually
19:38
Speaker 1: did something right here, then maybe we'll see major states
19:41
Speaker 1: like Texas, Florida and others start to launch. The other
19:44
Speaker 1: thing that they made is a big brand shift, which
19:47
Speaker 1: was way from Avalanche subnets and into layer ones l ones,
19:52
Speaker 1: and I think this was a good move. I like
19:54
Speaker 1: the move. I know a lot of people out there,
19:56
Speaker 1: they've kind of been back and forth on it, but
19:58
Speaker 1: I'm still very pro where Avalanche is going, so I'm
20:01
Speaker 1: still looking at it as a potential. Here, we'll take
20:03
Speaker 1: a look at some charts real quick. Just Bitcoin coming
20:06
Speaker 1: in at sixty five thousand and seven right now as
20:09
Speaker 1: it starts to dip off of the Bitcoin conference and
20:11
Speaker 1: the Trump bump which put us right there at the
20:14
Speaker 1: seventy K mark over the weekend, but it has retraced
20:17
Speaker 1: all the way back down to sixty sixty five k.
20:19
Speaker 1: Do we have a poll on today? I want to
20:21
Speaker 1: go to the poll. Do we have it?
20:22
Speaker 2: Real quick?
20:23
Speaker 1: All right, here we go. What gets listed relisted first?
20:26
Speaker 1: On robin Hood Solana fifty percent, XRP comes into thirty eight.
20:31
Speaker 1: I'm in agreement with this. I like this. I still
20:34
Speaker 1: think Solana will be XRP. Yes, it needs to be.
20:37
Speaker 1: And remember your doual pump on especially on Robinhood for Solana.
20:43
Speaker 1: We'll get in some questions. I know a few of
20:45
Speaker 1: you guys had a few in there. XRP shouldn't be
20:48
Speaker 1: on that list. They seem to have forgotten about it.
20:51
Speaker 1: I don't think so. Man, XRP, I think is going
20:54
Speaker 1: to find maybe get its day in the sun. We'll
20:56
Speaker 1: see every day. Alganont says, how much are they going
21:00
Speaker 1: to cut? I'm you know, here's the thing. You look
21:03
Speaker 1: at two factors here. If Powell is concerned enough around labor,
21:09
Speaker 1: this may be. We had de Martino Bouthon a couple
21:14
Speaker 1: of weeks ago, and she was leaning into the point.
21:16
Speaker 1: And she's a former FED Dallas Fed analyst, and she
21:21
Speaker 1: was leaning into the point that it might be a
21:24
Speaker 1: much greater a much greater cut. So could we see
21:27
Speaker 1: a fifty basis points? Listen, if we get a quarter
21:29
Speaker 1: basis points, I think this will be a very positive
21:31
Speaker 1: move for the market. Toyota yes, using ethereum, we reported
21:34
Speaker 1: on that last week. Noticed a lack of price movement.
21:37
Speaker 1: That's because no one cares about the SEC anymore. Yeah,
21:40
Speaker 1: it's a very interesting. It's an analysis. I would have
21:43
Speaker 1: to agree with it a little bit. Well, we see
21:45
Speaker 1: a pump from the ten coins listening to amendment. I
21:47
Speaker 1: think we will see some. Uh maybe XRP is already there,
21:50
Speaker 1: we'll see. I like how bitcoin Maxi's don't label XRP
21:55
Speaker 1: the banker's card anymore now that Blackrock is is a daddy. Okay, boy,
22:00
Speaker 1: you guys are just getting out there. What about chain Link?
22:02
Speaker 1: Still a very positive project. I love chain Link and
22:06
Speaker 1: it's one that I'm invested in. Not investment advice to
22:09
Speaker 1: you guys, but one that I definitely like for sure.
22:13
Speaker 1: Other questions, We've got a super chat coming in from
22:17
Speaker 1: Zug five of bucks. Thank you so much. Why do
22:20
Speaker 1: people have such high hopes for the Trump admin when
22:24
Speaker 1: Trump was anti crypto as a president and his administration
22:26
Speaker 1: pursued the x RP lawsuit. Well, listen, let me tell you.
22:30
Speaker 1: I think that the government is completely blind on how
22:35
Speaker 1: all of this works. And it's clear even to a
22:38
Speaker 1: certain extent, without the exception of maybe a handful of
22:41
Speaker 1: candidates that were running. Vivek Ramaswami, I would say, is one.
22:45
Speaker 1: But he's a tech guy, he's a young guy. He's
22:46
Speaker 1: understanding this. Most of these campaign participants and also past presidents,
22:53
Speaker 1: including Trump and existing presidents, I just think they just
22:57
Speaker 1: don't want to put the work in. So maybe it's
22:59
Speaker 1: just a scenario where education is now just getting to
23:01
Speaker 1: them and things could shift. I'm positive about that that
23:06
Speaker 1: hopefully that will happen. Okay, what do we think about
23:11
Speaker 1: bank now? I still like the memes. I'm playing in
23:13
Speaker 1: and out of those. I don't own any bonk right now,
23:16
Speaker 1: but I do like the meme coins, and you know,
23:19
Speaker 1: still trade in and out on those, depending on which
23:21
Speaker 1: one it is. Well, we see an XRPETF this year.
23:23
Speaker 1: I don't think this year, but people have talked about
23:25
Speaker 1: twenty twenty five as being a potential and then Fox
23:29
Speaker 1: Maler saying small caps coming in. Yes, Well, I think
23:32
Speaker 1: that's been the case over the last couple of weeks.
23:35
Speaker 1: SEC wants millions of taxpayer money to destroy crypto and
23:38
Speaker 1: just walks away saying, sorry, no kidding, guys, get around it.
23:41
Speaker 1: Remember who's been driving this bus for the last four years.
23:45
Speaker 1: Just remember that and then vote with your heart hopefully.
23:49
Speaker 1: Avax price prediction. Okay, well, let's go to Avalanche real
23:53
Speaker 1: quick and take a look. I'm not going to give
23:55
Speaker 1: price predictions, but I will tell you that if you
23:58
Speaker 1: look at the trend on Avalanche, it may be it's
24:02
Speaker 1: actually approaching one of its critical factors right here. In
24:06
Speaker 1: terms of an order block. This could be a really
24:09
Speaker 1: interesting time right here around twenty five bucks. So watching
24:13
Speaker 1: Avalanche very closely. I still like this as a very
24:16
Speaker 1: positive project. I think Avalanche is getting ready to do
24:19
Speaker 1: something interesting, so be on the lookout for that. We'll
24:22
Speaker 1: be trying to get some of the Avalanche team in
24:24
Speaker 1: here to talk more about this for sure. Can we
24:28
Speaker 1: do another interview with someone from XRP Ripple. Yeah. We
24:30
Speaker 1: reach out all the time to these chains, especially those
24:34
Speaker 1: kind Sometimes they have time, sometimes they don't. We've been
24:37
Speaker 1: trying to get guarding house forever. You know, how about
24:40
Speaker 1: helping us out, guys, Just tweet the channel hit at
24:43
Speaker 1: Brad garling House out there, come on the PBN show.
24:46
Speaker 1: We'd happy, be happy to have you. Why coin based
24:48
Speaker 1: lawsuit has not modified to remove these tokens. That's a
24:51
Speaker 1: good question. I think that was the point that they
24:54
Speaker 1: were making. Ooh, should they drop lawsuits against decentralized DAPs
24:59
Speaker 1: like UNISA, Yes, of course, man, for sure, Come on,
25:03
Speaker 1: this would be a huge opportunity for these administrations to
25:07
Speaker 1: actually understand what's happening in DeFi and move on it. Again,
25:12
Speaker 1: this is all about actions. They have to do stuff
25:16
Speaker 1: XRPS alluded to all the place well it should be.
25:18
Speaker 1: I mean, the market is doing nice. XRP is one
25:20
Speaker 1: of the only in green today all almost five percent continuing.
25:25
Speaker 1: Yet Solana did take a drop. Let's just give XRP
25:29
Speaker 1: its flowers. But Solana did adjust off that top right here,
25:33
Speaker 1: but not bad at at one point eighty four before
25:36
Speaker 1: it wicked out, because it actually wiked out almost one
25:38
Speaker 1: hundred and ninety three dollars. So Sala has been on
25:40
Speaker 1: the move right here. Still positive though on sentiment, I
25:44
Speaker 1: do see a little bit of deflation on volume sentiment
25:48
Speaker 1: if that clips down below fifty percent. Let me zoom
25:51
Speaker 1: in on that a little bit for you guys, so
25:53
Speaker 1: you can see if that clips down below fifty percent.
25:55
Speaker 1: This is our MSI indicator that we use. If that
25:59
Speaker 1: clip's low fifty percent, then I would say, all right,
26:01
Speaker 1: we may see a replacement coming in. All right, guys,
26:04
Speaker 1: if you're not okay, a lot of other people. So
26:07
Speaker 1: why at Avalanche over Cardono though, what's its advantage? Well?
26:12
Speaker 1: I like the subnet concept of what Avalanche is doing.
26:16
Speaker 1: I also like the team, and I like the diversification
26:18
Speaker 1: and the number of projects that they continue to build on.
26:21
Speaker 1: Their mean coin projects are solid they're backing them. Their
26:25
Speaker 1: gaming platform is solid. They have an opportunity there if
26:29
Speaker 1: they take it and seize it. And then I think
26:32
Speaker 1: the fact that they have so much in real world assets,
26:35
Speaker 1: technology and what we'll see in RWA's is real. I mean,
26:38
Speaker 1: if you look at on x just go research on
26:40
Speaker 1: x JP Morgan Avalanche, you'll get a lot more insights
26:43
Speaker 1: on that. We've done a lot of videos on this,
26:45
Speaker 1: so go back into our library just search Avalanche if
26:48
Speaker 1: you want to educate yourself on that. You cant We've done.
26:51
Speaker 1: I had a lot of videos on XRP, so don't
26:54
Speaker 1: worry about Yes, nasdak and Crashing is crashing and we're
26:58
Speaker 1: waiting for some of that liquidity start moving in to
27:00
Speaker 1: the market here. So we'll see how this plays out. Guys,
27:02
Speaker 1: it's going to be a big week, So make sure
27:04
Speaker 1: and subscribe into our own private membership, which is the
27:08
Speaker 1: Diamond Circle. It's where I do all my chatting with
27:11
Speaker 1: the audience that doesn't come here. I also drop additional
27:14
Speaker 1: content over there. Catch me out there on x Apple Baron.
27:18
Speaker 1: I'll catch you next time right here on tech Path